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FOR SALE RETAIL INVESTMENT

A substantial corner positioned single storey building. Passing rent of £21,000 per annum.

Offers invited in the region of £275,000 reflecting a Net Initial Yield of 7.42%.

99 Trafalgar Road, Portslade, East Sussex, BN41 1GU

BEST

BID

S

12PM

FRI

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27TH

MAR

CH

Investment Summary• Single let corner located building in retail use with

ancillary offices, covered yard and on site parking• Redevelopment potential • Within 400 metres of Fishersgate station

LocationThe town of Portslade is located approximately 4 miles to the west of Brighton, neighbouring the town of Hove. Trafalgar Road links the A259 South Coast Road and A270 Old Shoreham Road. The subject property is on the east side of Trafalgar Road, towards its the northern end, just to the west of Victoria Park.

Portslade’s commercial centre and railway station are located within 10 minutes’ walk to the east of the property, via Victoria Road where there are a number of car dealerships and an industrial estate.

DescriptionThe property comprises a single storey brick built building with a flat roof incorporating a series of lantern lights providing a good level of natural light. The showroom has a glazed aluminium shopfront.

Internally, the ground floor is predominantly arranged as an open plan showroom to the front, with an office, kitchenette and WC facilities to the rear.

Outside, to the front of the unit is forecourt parking measuring 5.9m x 4.75m approx. To its rear is a covered yard with road access from Trafalgar Way.

EPCTBC

VAT & Legal FeesRents and prices are quoted exclusive of VAT. We are informed that the property is not VAT registered. Each party to bear their own legal costs incurred.

TermsOffers invited in the region of £275,000 reflecting a Net Initial Yield of 7.42%.

Best Offers by Midday on 27th MarchInterested parties should submit their best offers by midday 27th March in accordance with the instructions set out to the rear of these details.

Lease SummariesThe entire property is let to Wooden Flooring Centre (Sussex) Ltd with a personal guarantee by way of a full repairing and insuring lease for a term of 5 years from 31 October 2013. We are informed that the tenant is holding over under this lease. The rent agreed under the lease was £17,500 pa. We are informed that a rent of £21,000 has been in place whilst the tenant holds over.

ViewingsStrictly by appointment through the sole agents Flude Commercial incorporating Garner Wood.A viewing has been arranged for Wednesday 4th March at 9:30 am.Alex Roberts / Email: a.roberts@flude.com Andrew Halfacree / Email: a.halfacree@flude.comWill Thomas / Email: w.thomas@flude.comTelephone: 01273 727070

Flude Commercial for themselves and for the vendors or lessors of this property whose agents they are give notice that: i) these particulars are set out in good faith and are believed to be correct but their accuracy cannot be guaranteed and they do not form any part of any contract; ii) no person in the employment of Flude Commercial has any authority to make or give any representation or warranty whatsoever in relation to this property.

99 Trafalgar Road, Portslade, East Sussex, BN41 1GU

Offices in Brighton, Chichester and Portsmouth

AccommodationFloor Description Sq m Sq ft ITZA (sq ft) Ground Retail area 122.81 1,322 669 Ancillary / office & kitchen 25.10 270 Total 1,592 Covered Yard 32.28 347

99 Trafalgar Road, Portslade, East Sussex, BN41 1GU

Offices in Brighton, Chichester and Portsmouth

Chartered Surveyors & Commercial Property Advisers

2 March 2020

To whom it concerns

Subject to Contract

Pavilion View

19 New Road

Brighton

BN1 1UF

T 01273 727070

W www.flude.com

Flude Commercial Limited. Regulated by RICS Registered Office: Pavilion View, 19 New Road, Brighton, BN1 1UF. Registered in England No. 03287836

Offices in Brighton, Chichester and Portsmouth

A g e n c y | L e a s e A d v i s o r y | M a n a g e m e n t | R a t i n g | V a l u a t i o n | I n v e s t m e n t | D e v e l o p m e n t

Dear Sirs

Proposed sale of properties from the Broxwood portfolio

Best offers by midday Friday 27 March 2020

8 Oxford Street, Brighton

81 London Road, Brighton

102 Western Road, Brighton

103 Western Road, Brighton

22 Western Road, Hove

41 Church Road Hove

77/78 Western Road, Hove

131 & 131a Dyke Road, Hove

114-122 Dyke Road, Brighton & 48/49 Prestonville Road, Brighton

99 Trafalgar Road, Portslade

Units 17 & 18, The Grange Estate, Southwick

Parties interested in one, some or all of the above properties are invited to submit their best offer to

purchase the freehold interest of each (subject to the lease/s as summarised in the marketing details) by no

later than 12:00 Friday 27 March 2020.

Detail of your offer

Your offer should be submitted in writing and confirm the following points:

1. The property/ies which you wish to offer on

2. Specific name of the purchasing entity for each property.

3. Your offer in £ sterling for each property.

4. Method and proof of funding.

http://www.flude.com/documents/Oxford%20Street,%208,%20Brighton.pdfhttp://www.flude.com/documents/London%20Road,%2081,%20Brighton.pdfhttp://www.flude.com/documents/Brighton,%20Western%20Road,%20102.pdfhttp://www.flude.com/documents/Brighton%20Western%20Road,%20103.pdfhttp://www.flude.com/documents/Hove,%20Western%20Road,%2022.pdfhttp://www.flude.com/documents/Hove,%20Church%20Street,%2041.pdfhttp://www.flude.com/documents/Hove,%20Western%20Road,%2077-78.pdfhttp://www.flude.com/documents/Hove%20Dyke%20Road,%20131%20131a.pdfhttp://www.flude.com/documents/Dyke%20Road%20&%20Prestonville%20Road.pdfhttp://www.flude.com/documents/Portslade,%20Trafalgar%20Road,%2099.pdfhttp://www.flude.com/documents/Southwick,%20Grange%20Industrial%20Estate%20Units%2017%2018.pdf

5. All conditions to which your offer is / offers are subject.

6. Timeframe for fulfilment of the conditions of your offer/s to put you in a position to exchange

unconditionally.

7. Purchaser’s solicitor details.

8. For compliance with Anti Money Laundering obligations each offer will also require the following:

Photo identification (passport or driver’s license) for the individual making the offer or, in

the event of an offer being made in the name of a corporate body, for those individuals

with a 25% or greater stake in the corporate body;

Copy of a utility bill, no older than 3 months old for the individual making the offer or, in

the event of an offer being made in the name of a corporate body, for those individuals

with a 25% or greater stake in the corporate body.

Your offer/s should be submitted, and received by, Flude Commercial (Brighton) by no later than 12:00

Friday 27 March 2020. Following which all offers will be reported to our client for their consideration. We

will then revert to bidders as instructions are received from our client.

Offers should be submitted in writing and can be delivered by hand, post or email -

fludecommercial@flude.com

It is the responsibility of the offering party to ensure that the offer is received by Flude Commercial by the

offer deadline. Flude Commercial accept no responsibility for delays / problems with the post, technology

etc.

Please note that our client is not bound to accept the highest offer or indeed any offer and retains the right

to continue marketing the property.

Yours faithfully

Flude Commercial

mailto:fludecommercial@flude.com